Joe Biden's Shocking Net Worth and Earnings Revealed in 2025!
What is Joe Biden's Net Worth and Salary?
As of 2025, Joe Biden's net worth is estimated to be around $9 million. Biden's career began as a U.S. Senator for Delaware from 1973 until 2009. He then served as the 47th Vice President under Barack Obama from 2009 to 2017. In the 2020 presidential election, he emerged as the Democratic candidate, defeating Donald Trump to become the 46th President of the United States. Recently, in April 2023, Biden announced his intention to run for a second term in the 2024 election.
Presidential Salary
As President, Joe Biden receives a base salary of $400,000 according to Title 3 of the US Code. Additionally, he has access to a $50,000 yearly expense account, a non-taxed $100,000 travel account, and a $19,000 entertainment allowance each year. Before moving into the White House, the Bidens received $100,000 for redecorating expenses.
The History of Joe Biden's Finances
Before his vice presidency, Biden often identified as one of the "poorest" members of Congress, referring to himself as "middle-class Joe" with a net worth below $500,000. Financial records from 1998 show that Biden and his wife, Jill, had an average annual income of around $215,000 until 2009. By the time their terms as Vice President and Second Lady concluded, their annual income had climbed to approximately $390,000. In 2016, Biden's final financial disclosure listed his net worth at $1.5 million.
Post-Vice Presidency, Biden significantly increased his wealth through speaking engagements and book royalties, peaking at $11 million in 2017. From 2016 to 2019, the couple earned just under $17 million.
Key Facts
- He was known as one of the poorest senators.
- His net worth was reported at $1.5 million when he left the White House in 2016.
- In 2017, his earnings surged to $11 million, primarily from book deals.
- Jill Biden earns $100,000 annually as a college professor.
- Joe makes between $100,000 and $200,000 for each paid speech.
LATEST: Joe Biden Grants 'Full and Unconditional' Pardon to Son Hunter.
Early Life
Joseph Robinette Biden Jr. was born on November 20, 1942, in Scranton, Pennsylvania. Growing up in a Catholic household with three siblings, Joe's family faced financial struggles during his childhood. In the 1950s, his father struggled to find work, leading the family to move to Delaware, where he found employment as a used car salesman.
In high school, Joe excelled in sports and was elected class president. He continued his athletic pursuits at the University of Delaware, where he majored in history and political science and graduated in 1965. Biden later attended Syracuse University College of Law, where he earned his law degree in 1968.
Political Career
Biden's political career began in 1969 when he successfully ran for a position on the New Castle County Council. In 1972, he won the US Senate election in Delaware, becoming one of the youngest senators at just thirty years old. He pursued the Democratic nomination for president multiple times, ultimately becoming Barack Obama's vice president in 2008 and winning the presidency in 2020.
Income From Speeches
Since leaving the Vice Presidency, Joe and Jill Biden have earned over $15 million from speaking engagements and book deals. Biden commands substantial fees for his speeches, often earning between $100,000 and $200,000 per engagement. For example, he earned $190,000 for a speech at Drew University in New Jersey in 2018.
Income From Book Deals
Post-Vice Presidency, Biden secured a $10 million deal for three books, starting with "Promise Me, Dad," which reflects on his son's passing. His book tour included over 40 stops, with regular tickets priced at $25 and VIP experiences costing $450.
RELATED: Hunter Biden's Net Worth and Controversial Financial Journey.
Salary
Biden's income has fluctuated over the years, with tax returns showing significant variations. In 2016, just before leaving the Vice Presidency, he earned about $400,000. This figure soared to $11 million in 2017, before dipping to $4.6 million in 2018.
Jill Biden Salary
Jill Biden contributes to the household income with a $100,000 salary as a teacher at Northern Virginia Community College.
Tax Returns
In a detailed tax report released in April 2024, Joe and Jill's adjusted gross income for 2023 was $619,976. They paid $146,629 in federal income tax, representing an effective tax rate of 23.7%. Their income sources included Joe's presidential salary, Jill's teaching income, and social security benefits.
Debt
Biden's financial disclosure forms indicate that he has faced challenges with debt over the years. His primary asset is his home in Delaware, against which he has taken out several loans. In 2015, it was reported that he had a mortgage on his home with debts ranging from $500,000 to $1 million.
Rental Income
While Biden served as Vice President, he and Jill earned approximately $2,200 per month by renting out their guest house to Secret Service agents, totaling around $170,000 during that period.
Real Estate
Joe Biden resides in a home located in the Greenville neighborhood of Wilmington, Delaware, which he purchased in 1997 for $350,000. Similar homes in the area are now valued at over $2 million. Additionally, he bought a six-bedroom vacation house in Rehoboth Beach for $2.74 million in 2017.
Marriages and Children
Joe Biden married Neilia Hunter in 1966, and they had three children together. Tragically, Neilia and their one-year-old daughter Naomi died in a car accident in 1972. In 1977, Biden married Jill Jacobs, and they have a daughter named Ashley. Overall, Biden is a proud grandparent to seven grandchildren. His son Beau passed away from cancer in May 2015, leaving a lasting impact on Biden's life.
Joe Biden’s financial journey reflects his dedication to public service and resilience in the face of personal and financial challenges. His net worth of approximately $9 million is a testament to his long-standing career in politics and his successful endeavors after leaving office. Biden's focus on unity, economic recovery, and global leadership continues to shape his legacy as the 46th President of the United States.
